Business and financial news - CNNMoney.com @ January 6, 2009 # No Comment Yet
The U.S. economy is likely to deteriorate further this year and unemployment will rise into 2010, according to the latest forecasts from the staff of the Federal Reserve.
Google News - Business @ January 6, 2009 # No Comment Yet
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Retail woes hit Perry Ellis
Bizjournals.com - 42 minutes ago Apparel company Perry Ellis International (NASDAQ: PERY) of Miami added to the retail gloom on Tuesday by saying it anticipates lower fourth quarter revenue and profits. Perry Ellis cuts fiscal '09 outlook due to holiday Reuters Perry Ellis slashes 2009 guidance Forbes RTT News - MarketWatch (press release) - StreetInsider.com (subscription) - MSN Money all 24 news articles |
Google News - Business @ January 6, 2009 # No Comment Yet
 EndSights |
paidContent.org - Midway Games Gets A Few More Weeks To Pay Off Debt
Washington Post - 45 minutes ago Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Midway Games, note holders agree to extension BusinessWeek Midway gets credit extension GameSpot Gamasutra - IGN - Game Informer - GameDAILY BIZ all 41 news articles |
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 TVNZ |
EU faces deepening energy crunch over Russian gas
Cold War Haunts EU Gas Crisis Response BusinessWeekReuters - 48 minutes ago By Christian Lowe MOSCOW, Jan 7 (Reuters) - Europe faced a deepening energy crunch and more sub-zero temperatures on Wednesday, with Moscow and Kiev showing little sign of a swift resolution of a pricing dispute that has slashed Russian gas supplies to … Video: Europe running out of gas RussiaToday Bloomberg - International Herald Tribune - Washington Post - Los Angeles Times all 3,118 news articles |
Google News - Business @ January 6, 2009 # No Comment Yet
 BBC News |
Frank Says Role of SEC as Markets Cop Should Be ‘Beefed Up’
Lawyer says Madoff cooperating with US probes ReutersBloomberg - 1 hour ago By Jesse Westbrook and Alison Vekshin Jan. 6 (Bloomberg) — US House Financial Services Committee Chairman Barney Frank said the Securities and Exchange Commission, which has drawn fire for missing Bernard Madoff’s alleged $50 billion fraud, … Video: Congress Sounds Off Against SEC in Madoff Affair AssociatedPress Christian Science Monitor - New York Times - Washington Post - Newsday all 2,654 news articles |
Google News - Business @ January 6, 2009 # No Comment Yet
 Reuters |
Alcoa to Reduce Capacity By 18%, Cut 13500 Workers
Bloomberg - 1 hour ago By Rob Delaney Jan. 6 (Bloomberg) — Alcoa Inc., the world’s largest aluminum maker, announced its third production cut in as many months and said it will reduce its global workforce by 13500 in response to declining demand and prices. Alcoa to cut global workforce by 13% CNNMoney.com Alcoa Will Cut Jobs Forbes The Associated Press - guardian.co.uk - Financial Times - TheStreet.com all 408 news articles |
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 KY3 |
This year the tax man cometh — to help
Reuters - 1 hour ago By Jasmin Melvin WASHINGTON (Reuters) - Throwing off its bully image for the 2009 US tax season, the Internal Revenue Service is vowing to be sensitive and do what it can to help financially strapped Americans. IRS agents soften heart for delinquent taxpayers The Associated Press Agency says it will work with taxpayers struggling during … MarketWatch Danbury News Times - AZ Central.com - Detroit Free Press - Wilmington News Journal, OH all 96 news articles |
Google News - Business @ January 6, 2009 # No Comment Yet
 Canada.com |
Skilling convictions upheld; will get resentenced
The Associated Press - 1 hour ago HOUSTON (AP) - A federal appeals court Tuesday upheld former Enron Corp. CEO Jeff Skilling's convictions for his role in the energy giant's collapse but threw out his 24-year prison term and ordered that he be resentenced. Skilling’s Conviction Upheld, Resentencing Ordered Bloomberg US court orders Enron fraudster Jeffrey Skilling to be resentenced guardian.co.uk Houston Chronicle - Reuters - New York Times - Straits Times all 306 news articles |
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 Houston Chronicle |
US Economy: Services, Pending Home Resales Drop
Bloomberg - 1 hour ago By Shobhana Chandra and Bob Willis Jan. 6 (Bloomberg) — The US economy ended the year in a steep decline, with factory orders, home sales and service industries all contracting further, reports showed today. Housing, factories and services remain in slump Reuters Service sector reading improves slightly CNNMoney.com Washington Post - Bizjournals.com - MarketWatch - Money Morning all 774 news articles |
Business and financial news - CNNMoney.com @ January 6, 2009 # No Comment Yet
Aluminum producer Alcoa Inc. said Tuesday it will slash its global workforce by 13%, or 13,500 jobs, by the end of the year as a way to remain competitive during the global economic recession.